American Legend Offers "Cash For Junkers"
If you have an old aircraft that's due for trading up -- even if it's not airworthy -- American Legend Aircraft Company is willing to take it in trade in its own new "Cash for Junkers" program, offering $4,500 back on the purchase of a new Legend Cub. "There have been skeptics who weren't sure that now is the time to buy," said Kurt Sehnert, general manager of American Legend. "Our rebate incentive is good for the economy, good for energy independence and great for pilots. We are giving them a chance to speak with their wallets. We intend to spur sales in this sluggish economy." The rebate applies to the purchase of any model American Legend manufactures, including the kit-built Texas Sport. The company said it will donate aircraft collected under the program to museums or schools to be used for educational purposes.
The Texas Sport can be certified to 1,600 pounds gross as an amateur-built aircraft, or it can be certified to 1,320 pounds and flown with Sport Pilot privileges. The S-LSA certified Legend Cub burns just 4.5 gph. The program is modeled after the government's "Cash for Clunkers" program, which offered $4,500 rebates in an effort to get old, inefficient cars off the roads and spur new auto sales.